Integration of Blockchain Technology in Education Financial Management for Transparency and Accountability

Abstract

Listen

Translate article

The education system requires transparent and accountable financial management to ensure efficiency, fairness and sustainability. However, there are still many challenges in achieving this, especially related to limited transparency and reliability of financial data. Blockchain technology offers the potential to increase transparency and accountability in educational financial management by providing proof of authentication and an immutable track record. This research aims to explore the potential for integrating blockchain technology in educational financial management to increase transparency and accountability. Researchers also aim to analyze its impact on efficiency and fairness in the education system. This research method uses a qualitative approach with literature study and case analysis. Researchers analyzed literature related to blockchain technology in the context of educational financial management, and collected data from case studies of blockchain technology implementation in educational institutions that have adopted it. The research results show that the integration of blockchain technology in educational financial management can increase transparency and accountability by providing immutable proof of authentication for every financial transaction. In addition, the use of blockchain technology can increase the efficiency of financial administration processes and minimize the risk of fraud or data manipulation. The conclusion of this research is that the integration of blockchain technology in educational financial management has great potential to increase transparency, accountability and efficiency in the education system. However, challenges related to infrastructure availability and technical understanding need to be overcome to optimize its benefits. Therefore, strategic and collaborative steps from related parties are needed to encourage widespread adoption of this technology in educational financial management.